News & Updates

Grains: High price level on the European agri commodity market

by | Jun 7, 2021 | Corn/Maize, Grain, Oil Seeds, Rape Seeds, Sunflower Seeds, Wheat

The price increase of the primary agricultural commodities on the EU market that started last August [swpm_protected visible_to=”logged_in_users_only” custom_msg=’This content is for members only. Please login or sign up now.’] has stopped, and there was a moderate correction and consolidation in May. The most appreciated products were maize with a price increase of around 50 % and rapeseed with approximately 54 %. The main reason for the rally is the increased Chinese demand for these products.
Prices in Hungary on 07th June 2021:

Prices in Hungary on 07th June 2021:

Maize                                      202 EUR/t FCA HU
Milling wheat                         182 EUR/t FCA HU
Rape seed                               580 EUR/t FCA HU
Sunflower seed                      521 EUR/t FCA HU

Barley field May 2021

In Hungary the most popular agri plants which farmer usually choose to grow are wheat with 6-8 Mt/Ha average yield, maize with 8-11 Mt/ Ha average yield, rape seed with 3-5 Mt/Ha average yield, sunflower seed with 3-5 Mt/Ha average yield and barley with 6-8 Mt/Ha average yield.

Currently there is a calm interval and sentiment of the traders and farmers is neutral until harvest of the new crop of the barley and milling wheat, which is expected around first week of July, 4 weeks from now.

Source : KSH

[/swpm_protected]